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Daily stock market update July 20, 2021 - Market rebound

How is stock market today?

Market rebound after a recent downtrend.

What is the current support level?

Nasdaq rebound strongly to its 10 days moving average.

S&P 500 also rebound strongly to its 10 days moving average.

Dow Jones also rebound strongly to its 10 days moving average.

Russell 2000 rebound strongly to its 10 days moving average but is still far below its 50 days moving average.

  • NASDAQ - above its 50 days moving average line near 14000; current at 14498
  • S&P 500 - above its 50 days moving average line near 4200; current at 4323
  • DJIA - above its 50 days moving average line near 34400; current at 34511
  • RUSSELL 2000 - below its 50 days moving average line near 2240; current at 2194

Psychological levels

  • Nasdaq is above 14000.
  • S&P 500 is now above 4300.
  • Dow Jones Industrial Average is now above 34000.
  • Small cap Russell 2000 is now below 2200.

Which industry groups show strength?

There are few groups showing accumulation. 

Sector Industry Sub-group # Stocks
Technology Technology Computer Software: Prepackaged Software (Financial) 3 INTU, JKHY, QTWO
Industrial Finance Diversified Commercial Services 2 MYRG, ROL
Industrial Industrial Consumer Non-Durables 2 SKY, WGO
Industrial Consumer Services Other Consumer Services 2 CSV, SCI
Health Health Care Major Pharmaceuticals 8 ALNY, BNTX, BPMC, EBS, INO, MRNA, MRVI, TBIO
Health Health Care Hospital/Nursing Management 2 HCA, UHS
Financial Capital Goods Homebuilding 2 DHI, KBH
Financial Finance Finance: Consumer Services 3 CACC, RM, WRLD

Which industry groups from recent strength show weakness today?

None

Disclaimer: MCBOSS CAPITAL provides financial education and information research. None of this information should be used for investment purpose. Please seek professional advice. Information provided may not always be accurate.

  

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